Kotak Mojo Platinum Credit Card 2023-2024: A Review

If you are looking for a credit card that offers you rewarding benefits on online shopping, travel, and other categories, you might want to check out the Kotak Mojo Platinum Credit Card. This is a new credit card launched by Kotak Mahindra Bank, one of India’s leading private sector banks, that promises to raise your life game with its features and perks. In this article, we will review the Kotak Mojo Platinum Credit Card and see what it has to offer you.

Mojo Points

One of the main attractions of the Kotak Mojo Platinum Credit Card is the Mojo points that you can earn on your spending. Mojo points are the reward points that you can redeem for various products and services from the Kotak rewards catalogue. You can earn Mojo points in the following ways:

  • Earn unlimited 2.5 Mojo points for every Rs. 100 spent on online transactions. This includes online shopping, bill payments, recharges, bookings, and more.
  • Earn unlimited 1 Mojo point for every Rs. 100 spent on all other transactions, except fuel and cash withdrawal.

The Mojo points are valid for 2 years from the date of accrual, so you have enough time to use them for your desired rewards.

Milestone Gift

Another benefit of the Kotak Mojo Platinum Credit Card is the milestone gift that you can get every quarter. If you spend Rs. 75,000 or more in a quarter, you will receive 2,500 Mojo points as a bonus. This is equivalent to Rs. 625 worth of rewards. However, this benefit is only valid for the first year of card membership.

Complimentary Lounge Access

If you are a frequent traveler, you will appreciate the complimentary lounge access that the Kotak Mojo Platinum Credit Card offers you. You can enjoy 8 free visits per year to select domestic and international airport lounges, with a limit of 2 visits per quarter. You can relax and refresh yourself at these lounges before or after your flight, and enjoy the amenities and services they provide. For the list of lounges that you can access, please click here.

Joining Fee and Annual Fee Waiver

The Kotak Mojo Platinum Credit Card charges a joining fee of Rs. 1,999 and an annual fee of Rs. 999. However, you can get these fees waived off if you meet certain spending criteria. You can get the joining fee waived off if you spend Rs. 30,000 or more within 90 days of card issuance. You can get the annual fee waived off if you spend Rs. 1 lakh or more in a year. This way, you can save money on the card fees and enjoy the benefits without any extra cost.

Fuel and Railway Surcharge Waiver

The Kotak Mojo Platinum Credit Card also helps you save money on fuel and railway surcharges. You can get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at any petrol pump in India. You can also get a 2.4% railway surcharge waiver on bookings made through Indian Railways, and a 1.8% railway surcharge waiver on bookings made through www.irctc.co.in. The maximum amount of surcharge waiver that you can avail in a year is Rs. 500.

Priority Attend

The Kotak Mojo Platinum Credit Card also provides you with a priority attend service that helps you with any queries or issues that you may have regarding your card. You can simply send an SMS “KASSIST” to 5676788 and get a call back from the customer care team within 2 hours. This way, you can get your problems resolved quickly and conveniently.

What is the eligibility criteria for Kotak Mojo Platinum Credit Card?

The eligibility criteria for Kotak Mojo Platinum Credit Card are as follows:

  • You should be a primary cardholder in the age bracket of 21 to 65 years. The add-on cardholder should be 18 years and above.
  • You should be a resident of India.
  • You should have a net income of Rs. 4 lakh and above per annum.
  • You should be located in one of these cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune.

What is the credit limit of Kotak Mojo Platinum Credit Card?

The credit limit of Kotak Mojo Platinum Credit Card depends on various factors, such as your annual income, credit score, and CIBIL score. According to the web search results, the minimum credit limit on this card is Rs. 80,000, and the maximum credit limit is Rs. 5,00,000. However, these are not fixed limits and the bank may assign you a higher or lower credit limit based on your eligibility and credit history. You can also request for a credit limit increase or decrease by contacting the bank’s customer care service.

Conclusion

The Kotak Mojo Platinum Credit Card is a good option for those who want to earn rewards on online spending, travel, and other categories. The card offers you Mojo points, milestone gift, lounge access, fee waiver, surcharge waiver, and priority attend as its main benefits. The card also comes with enhanced security features such as chip and PIN technology and Visa payWave contactless payment. The card has a high fee structure, but you can get it waived off if you spend enough. The card also has a low rewards rate on offline spending, and the lounge access is limited to 8 visits per year. Therefore, you should consider your spending habits and preferences before applying for this card. If you are interested in applying for the Kotak Mojo Platinum Credit Card, you can do so online by clicking here.

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